Royce & Associates LP cut its stake in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 469,900 shares of the transportation company’s stock after selling 26,106 shares during the period. Royce & Associates LP owned approximately 0.56% of Hertz Global worth $7,673,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Hertz Global by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,078,223 shares of the transportation company’s stock worth $115,588,000 after purchasing an additional 89,080 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hertz Global in the third quarter worth $1,351,000. Virtu Financial LLC acquired a new stake in Hertz Global in the third quarter worth $1,351,000. Credit Suisse AG increased its position in Hertz Global by 24.9% in the third quarter. Credit Suisse AG now owns 113,184 shares of the transportation company’s stock worth $1,848,000 after buying an additional 22,599 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Hertz Global in the third quarter worth $1,060,000.
Several equities research analysts have weighed in on HTZ shares. ValuEngine raised Hertz Global from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. Goldman Sachs Group set a $13.00 target price on Hertz Global and gave the stock a “sell” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, October 4th. TheStreet raised Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. Finally, Barclays increased their target price on Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of HTZ opened at $16.57 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of -10.42 and a beta of 1.11. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 13.98. Hertz Global Holdings, Inc has a one year low of $13.01 and a one year high of $25.14.
Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.36. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. Hertz Global had a negative return on equity of 2.50% and a net margin of 5.29%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. Sell-side analysts anticipate that Hertz Global Holdings, Inc will post -0.56 EPS for the current year.
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Hertz Global Profile
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
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